47-9312. Perfection of security interests in
chattel paper, deposit accounts, documents, goods covered by
documents, instruments, investment property, letter-of-credit
rights and money; perfection by permissive filing; temporary
perfection without filing or transfer of possession


A. A security interest in chattel paper, negotiable documents, instruments or
investment property may be perfected by filing.


B. Except as otherwise provided in section 47-9315, subsections C and D for
proceeds:


1. A security interest in a deposit account may be perfected only by control under
section 47-9314;


2. And except as otherwise provided in section 47-9308, subsection D, a security
interest in a letter-of-credit right may be perfected only by control under section
47-9314; and


3. A security interest in money may be perfected only by the secured party's taking
possession under section 47-9313.


C. While goods are in the possession of a bailee that has issued a negotiable
document covering the goods:


1. A security interest in the goods may be perfected by perfecting a security
interest in the document; and


2. A security interest perfected in the document has priority over any security
interest that becomes perfected in the goods by another method during that time.


D. While goods are in the possession of a bailee that has issued a nonnegotiable
document covering the goods, a security interest in the goods may be perfected by:


1. Issuance of a document in the name of the secured party;


2. The bailee's receipt of notification of the secured party's interest; or


3. Filing as to the goods.


E. A security interest in certificated securities, negotiable documents or
instruments is perfected without filing or the taking of possession or control for a
period of twenty days from the time it attaches to the extent that it arises for new
value given under an authenticated security agreement.


F. A perfected security interest in a negotiable document or goods in possession of
a bailee, other than one that has issued a negotiable document for the goods, remains
perfected for twenty days without filing if the secured party makes available to the
debtor the goods or documents representing the goods for the purpose of:


1. Ultimate sale or exchange; or


2. Loading, unloading, storing, shipping, transshipping, manufacturing, processing
or otherwise dealing with them in a manner preliminary to their sale or exchange.


G. A perfected security interest in a certificated security or instrument remains
perfected for twenty days without filing if the secured party delivers the security
certificate or instrument to the debtor for the purpose of:


1. Ultimate sale or exchange; or


2. Presentation, collection, enforcement, renewal or registration of transfer.


H. After the twenty days specified in subsection E, F or G of this section expires,
perfection depends on compliance with this chapter.